Thomson Reuters’s trade confirmation service is now connected to the Singapore Exchange (SGX) and CME Clearing.
Thomson Reuters Trade Confirmation is a matching service that facilitates the legal confirmation of trades and the submission of trade details to clearing houses, trade repositories and regulators in real-time. The service is asset-class, central counterparty and trade repository agnostic.
Muthukrishnan Ramaswami, president of the Singapore Exchange, says, “Following our successful launch of central clearing for interest rate derivatives on 25 November, we are pleased to be working with Thomson Reuters to expand our clearing service to Asian FX forwards. Banks are continuing to see benefits in using SGX’s central counterparty clearing services to reduce counterparty risk and facilitate their business growth.”
CME Group’s managing director of FX products, Roger Rutherford, says, “CME Group continues to enhance our clearing solution for the OTC FX market, both interbank and client, and will continue working closely with participants from all areas of the FX industry. We’ve recently launched our OTC clearing service for FX and will be continuing to launch new products throughout the year. Having Thomson Reuters Trade Confirmation connect to CME Clearing gives our customers access to an established post-trade community in the FX markets.”
Trade Confirmation extends Thomson Reuters’ suite of post-trade solutions, including Thomson Reuters Trade Notification and Thomson Reuters Deal Tracker.